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How many items do i need to sell to make profit when i buy an item at 1.45 each and sell item for 2.00 each and spend 24.00 on an ad to sell them?
Wiki User
∙ 14y ago
The gross profit to the seller on each sale equals the sale price minus the cost price; the problem states that this unit gross revenue is 2.00 - 1.45 = 0.55. Net profit equals gross profit minus cost; therefore the number sold (N) must satisfy the inequality
0.55N > 24.00, or N > 24.00/0.55 = 44, to the justified number of significant digits. Therefore, at least 44 items must be sold to generate a net profit.
Wiki User
∙ 14y ago
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